Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1 the following information was taken from the boo

1 The following information was taken from the books of MLOCHIE CC on 30 June...

50.1K

Verified Solution

Question

Accounting

1 The following information was taken from the books of MLOCHIE CC on 30 June 2017, the end of the financial year: PREADJUSTMENT TRIAL BALANCE OF MLOCHIE CC ON 30 JUNE 2017 FOL DEBIT CREDIT BALANCE SHEET ACCOUNTS SECTION Members contribution: Malatji 184 500 00 Paseka 184 500 00 Vehicle 534 000 00 Accumulated depreciation: Vehicle 332 528 00 Machinery 355 668 00 Accumulated depreciation: Machinery 148 308 00 Inventory 460 956 00 Bank 20 904 00 Petty cash 1 500 00 Cash float 2 106 00 Debtors control 54 000 00 Creditors control 70 092 00 Mortgage bond: (10%) 297 000 00 Investment: VBS Bank (12%) 237 000 00 NOMINAL ACCOUNTS SECTION Sales 958 380 00 Cost of

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

6 Complete the partial proof below Given AC 1 BD and AC bisects BD Prove...

Civil Engineering
1.2K views

Grouting of suspension bridge cables.

General Management
1.2K views

What are the stages of a Microsoft's life cycle? How can a Microsoft's life cycle be...

Biology
1.2K views

Mendel's laws derive fromprocesses unique to pea plants.mitosis.calculus and algebra.meiosis.

Biology
1.2K views

Which of the following identifies the process that is found in both photosynthesis and cellu...

Biology
1.2K views

fertilization mitosis meiosis zygote sperm egg 2n n Group 2 Group 3 Group 2 Group...

Physics
1.2K views

79 In a glass prism one face is silvered A ray of light falls on...

Basic Math
1.2K views

Consider an array stored in memory from address 6 6000 int array 4 4 0...

Calculus
1.2K views

graph of y f x Organize your conclusions in a table and sketch a possible...

Finance
1.2K views

Aadakilerden hangisi Oran Analizinin snrllklarndan biridir? a) Finansal oranlar bir firmann karlln deerlendirmek iin...

Accounting
1.2K views

a-Explain the importance of GDP in? b-Describe the concepts of absolute poverty to relate the...

Accounting
1.2K views

Lower-of-Cost and Net Realizable Value Method The following data are taken from the Smith &...